43-33-705 - Fiduciary bond; premiums. - Mississippi Statutes

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§ 43-33-705. Fiduciary bond; premiums.

All directors, officers, employees or agents exercising any voting power or discretionary authority shall be required prior to the issuance of any bonds by the corporation to have issued by a surety company licensed to do business in the State of Mississippi a fiduciary bond in the amount of Fifty Thousand Dollars ($50,000.00) for the faithful performance of their duties. The corporation shall pay the premiums on such bonds.

Sources: Laws, 1989, ch. 525, § 4, eff from and after July 1, 1989.

State Codes and Statutes

Statutes > Mississippi > Title-43 > 33 > 43-33-705

§ 43-33-705. Fiduciary bond; premiums.

All directors, officers, employees or agents exercising any voting power or discretionary authority shall be required prior to the issuance of any bonds by the corporation to have issued by a surety company licensed to do business in the State of Mississippi a fiduciary bond in the amount of Fifty Thousand Dollars ($50,000.00) for the faithful performance of their duties. The corporation shall pay the premiums on such bonds.

Sources: Laws, 1989, ch. 525, § 4, eff from and after July 1, 1989.

State Codes and Statutes

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State Codes and Statutes

Statutes > Mississippi > Title-43 > 33 > 43-33-705

§ 43-33-705. Fiduciary bond; premiums.

All directors, officers, employees or agents exercising any voting power or discretionary authority shall be required prior to the issuance of any bonds by the corporation to have issued by a surety company licensed to do business in the State of Mississippi a fiduciary bond in the amount of Fifty Thousand Dollars ($50,000.00) for the faithful performance of their duties. The corporation shall pay the premiums on such bonds.

Sources: Laws, 1989, ch. 525, § 4, eff from and after July 1, 1989.